December 2021

Low supply pushes up China’s domestic stainless steel prices further

China’s domestic stainless steel prices maintained their upward momentum in the week to Wednesday December 29 amid low stock levels in the spot market.

European stainless steel prices stable in slow market; energy surcharges expected

Domestic prices for flat and long stainless steel products in Europe have been stable in the week to Friday December 24 due to seasonal market slowdown ahead of Christmas holidays in the region, sources told Fastmarkets.

China’s domestic stainless steel prices rise on low supply

Domestic stainless steel prices in China rebounded from a seven-month low in the week to Wednesday December 22 on low market inventory levels.

FeCr markets broadly stable in Europe; sentiment bullish for 2022

Ferro-chrome prices in Europe remained broadly stable in the week to Tuesday December 21, with market participants beginning to look toward the new year.

Titanium markets steady ahead of end-of-year holidays

Key data from Fastmarkets’ pricing session in Europe on Wednesday December 22.

Europe FeSi prices down by almost 13% on profit taking

The recent sell-off in the European ferro-silicon market picked up pace in the week to Friday December 17, with the average price falling 12.9% to €3,050 per tonne delivered, from an average of €3,500 per tonne the week before.

European cold-rolled stainless steel prices push higher on ongoing tightness

The ongoing lack of cold-rolled stainless steel in Europe has pushed prices in the domestic distribution market higher during the week to Friday December 17, sources told Fastmarkets.

EU flat steel distributor shipments show 12% drop in October

European distributors of flat steel products have reported a 12% year-on-year drop in shipment volumes in October 2021, regional steel industry association Eurometal said on Thursday December 16.

Five key stories from December 15

Here are five Fastmarkets stories you might have missed on Wednesday December 15 that are worth another look.

European Commission approves steelmaker Arvedi's purchase of AST Terni

The European Commission has approved the sale of Italian stainless steel producer Acciai Speciali Terni (AST) to compatriot steelmaker Arvedi, Fastmarkets heard on Wednesday December 15.